2004 Fiscal Year Final Research Report Summary
Measurement of Deferred Tax Asset and Deferred Tax Liability
| Project/Area Number |
15530305
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Accounting
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| Research Institution | Aoyama Gakuin University |
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Principal Investigator |
SAITO Shinya Aoyama Gakuin University, School of Business Administration, Professor, 経営学部, 教授 (40215538)
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| Project Period (FY) |
2003 – 2004
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| Keywords | tax effect accounting / deferred tax asset / deferred tax liability / deferred method / liability method / discount / variance of the estimate that is included in net asset |
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| Research Abstract |
In this research, the discount problem of deferred tax asset and deferred tax liability (general term : deferred tax) was taken up, at first. The discount of deferred tax is forbidden in many countries now. However, in UK admits the arbitrary application of the discounting deferred tax. Then, general arguments of the discount of deferred tax were considered, in addition, the arguments in UK (especially, FRS 19(2000) was taken up. About the discount of deferred tax, there are dissenting opinions. Moreover, when the discounting deferred tax, the subjects are the determination of discount rate and determination of the scheduling of future cash flow, etc. In UK, these subjects are not suitably solved.
In the second, the idea of discount of deferred tax was considered from the viewpoint of the relationship to methods of tax effect accounting. It became clear that two ideas of the methods of tax effect accounting are opposed to each other ; an ideas that tax effect is grasped as influence of the tax payment during the generating period of temporary differences and an idea that tax effect is grasped as influence of the tax payment during the dissolution period of temporary differences. It became clear that the discount of deferred tax is related the latter.
In the third, the deferred tax of the variance of the estimate that is included in net asset was taken up. As a result, the deferred tax of the variance of the estimate is characterized as a valuation account of the specific asset.
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Research Products
(6 results)
